Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
12:20 pm
Mr. John Corrigan:
The programme, as I have said previously, funds the State up to the end of 2013. We expect that we will be in a position to fund ourselves from 2014 onwards, but in order to do that, prudence and good management would require that the bulk if not all of the €10 billion bond issuance to which I referred earlier be done during the course of 2013. For prudential and management reasons, we are running two programmes in parallel.
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